Softvision, owned by private equity company Tower Arch Capital, consults with large companies on technology products. A recent project involved creating a video-streaming platform and associated app for non-profit health provider Kaiser Permanente.
Cognizant wants to expand its digital and cloud services offering to take on rivals Accenture (NYSE:ACN) and IBM (NYSE:IBM). As of early August, Cognizant’s digital business accounted for 30% of its overall sales.
CTSH shares are up 0.1% to $76.89.
Previously: Cognizant acquires business advisory and data analytics company (May 2)
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